Creating a Plan
10 New Venture Strategies That Often Lead to Disaster
Every entrepreneur I know has their favorite excuse for a previous failure—an investor backed out, the economy took a downturn, or a supplier delivered bad quality. These things outside your control do happen, but based…
Business or Hobby, What is the Difference?
Maybe you cater for your friends, maybe you make jewelry, maybe you sell your artwork, maybe you have a lemonade stand—regardless of what you do, do you know how the IRS views this? Here are…
How to Avoid Building a 20th Century Company in the 21st Century Economy
If you want to start an extremely profitable company today, it needs to be built around patents, trademarks, or customer loyalty to particular lifestyle. This is one of the points Martin Lowy makes in his…
Pervasive Startup Myth: Don’t Work for Free
Startup myth: The one about founders having to work for free to impress angel investors. This supposedly shows passion. Don’t believe it. Investors want people committed to working their startups, and that usually takes getting…
6 Foolproof Ways to Build a Successful At-Home Hustle
Have you ever been at work and thought, “What’s stopping me from giving up this job and starting my own home business?” Most likely, what’s stopping you is fear and uncertainty. Moving from working in…
Startup Dilemma: Do It Yourself or Hire a Professional?
Startup budgets, especially in the early stages, are almost by definition extremely limited. A typical startup is usually just a handful of motivated people with a great idea and a vision of making it big….
How to Pick a Business Model That is a Match for You
It’s painful when you start a new business for the wrong reasons. As a mentor to aspiring entrepreneurs, one of my challenges is to make sure their idea is a match for them. For example,…
10 Strategies for Rebounding from Startup Failures
If you can’t deal with failure, then the entrepreneur lifestyle is not for you. Don’t believe that urban myth that all you need is a good idea, a little fun work, and the money will…
Explore This Business Cycle to Uncover Great Niche Market Ideas
They say fashions go in a 20-year cycle. It’s the same way in business – although I’m not exactly sure how long the cycle is. During this cycle you hear how all the “big guys”…
Is Dropshipping Still a Viable Business Model in 2018?
As you may already know, in recent years many online businesses have been closely tied to the dropshipping business model, using it as a means to help them grow and become more profitable. What is…
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